Mr. Des Carville:

Yes. There were 14 banks operating in the country before the crash - I am thinking of retail mortgage banks. Some were owned by foreign subsidiaries, some left the market for various reasons, some closed down, some were sold and two were merged into IBRC, as the Deputy knows. The ones which were predominantly Irish were the three banks posted on the Stock Exchange at the time, Irish Life and Permanent, as it was then called, which is now PTSB-----